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Kuwait to set up new 'green' treatment plant
(Trade Arabia - 18/09/2017)

Kuwait has announced plans to develop a new eco-friendly treatment plant with a capacity of about 400,000 cu m per day in the South Al Mutalaa area, said a report. This is a vital project locally, regionally and globally and hence will have some special

Smaller UAE lenders should consider M&A as bigger banks transform digi
(The National - 18/09/2017)

Smaller lenders should consider merger and acquisition options in the UAE’s over-banked market to gain scale, Shayne Nelson, the group chief executive of Emirates NBD said. This would allow them to compete with larger banks who are investing in digital

Saudi Arabia’s economic overhaul claims victims
(Gulf Times - 18/09/2017)

At a Riyadh office of construction giant Saudi Oger Ltd, dust covers the desks, cigarette butts and empty water bottles litter the floor, and the mailbox is stuffed with crumpled envelopes. The parking lot of another Oger facility a mile away is

Tax seminar in Oman focuses on compliance issue
(Times of Oman - 18/09/2017)

A high-level seminar on the recent changes in the Omani income tax law conducted by the Oman American Business centre in association with Crowe Horwath stressed the need for strict compliance to the provisions of the income tax law. While addressing the

Turkey revs up investment consultancy in Qatar
(The Peninsula - 18/09/2017)

With Qatar ramping up its investments in Turkey, the Investment Support and Promotion Agency of Turkey (ISPAT) has strengthened its investment consulting service centre in Qatar by appointing a dedicated investment advisor. ISPAT, officially known as The

Bahrain and Egypt discuss investment opportunities
(Gulfnews - 18/09/2017)

Egyptian Finance Minister, Amr Al Jarehi, has praised the deep-rooted historic ties between his country and Bahrain in political, economic and investment fields. Speaking to the Bahrain News Agency, BNA, during his participation in the International

UAE trade set to grow: Report
(Gulfnews - 18/09/2017)

Recent forecasts for growth in UAE trade are set to benefit the country’s logistics sector, according to DP World Group Chairman and CEO Sultan Ahmad Bin Sulayem. A BMI Research report published recently forecasts a steady rise in trade of 4.35 per cent

UAE excise tax collection to be through E-Dirham
(Gulfnews - 18/09/2017)

The Federal Tax Authority (FTA) announced on Sunday that the collection of the Excise Tax will only be conducted through E-dirham. The authority’s move supports the Emirati leadership’s approach to adopt an e-system that is up to date with the latest

Bahrain Housing Policy Revision agreement signed
(Biz Bahrain - 18/09/2017)

The Ministry of Housing, the United Nations Development Programme (UNDP) and UN-HABITAT signed a project on Tuesday to revise Bahrain’s housing policy to develop an effective, efficient and sustainable housing and land sector in line with new economic

Oman’s NTF to support training of logistics sector cadres
(Oman Daily Observer - 18/09/2017)

The National Training Fund (NTF), which is the Sultanate’s workforce development flagship, has agreed to collaborate with the Oman Global Logistics Group (ASYAD) — the state-owned entity spearheading Oman’s transformation into a global logistics hub — to

UAE economic growth boosts logistics sector
(The Gulf Today - 18/09/2017)

Recent forecasts for growth in UAE trade are set to benefit the country’s logistics sector according to DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem. A BMI report published recently forecasts a steady rise in trade of 4.35 per cent year on

UAE Islamic bank assets hit Dhs528b
(The Gulf Today - 18/09/2017)

The UAE’s Dhs528 billion ($144 billion) Islamic banks’ assets will help fuel the growth of the country’s Halal sector, according to research conducted by Orange Fairs and Events, organisers of the Halal Expo Dubai. Seven Islamic banks out of the 23

Stability and market confidence key to housing business success
(Saudi Gazette - 18/09/2017)

The Saudi “residential sector experienced slight declines in both rentals and sale prices in Q2. With the exception of the Eastern Province and hospitality in Jeddah, prices and rents have declined year-on-year according to recent statistics,” said

SAGIA issues 158 licenses with SR3.26b capital in H1
(Saudi Gazette - 18/09/2017)

Saudi Arabian General Investment Authority (SAGIA) has announced the results of its semi-annual report for 2017, which showed a 130 percent increase in issuing licenses for investment projects compared to the same period in 2016. It pointed out that the

Saudi hospitality projects value to hit $2.5bn in ’17
(Saudi Gazette - 18/09/2017)

Responding to the needs of Saudi Arabia’s expanding hotel and leisure industry, The Big 5 Outdoor Design & Build Show in Dubai, co-located FM Expo, Windows, Doors & Facades Event and Gulf Glass, will be held on Sept. 25-27. 2017 will be a record year for

UAE non-oil growth to accelerate in 2018, central bank chief says
(Arab News - 18/09/2017)

The non-oil sector of the United Arab Emirates economy is expected to grow 3.1 percent this year, accelerating to 3.5 percent next year, central bank governor Mubarak Rashid Al-Mansouri said on Sunday. Speaking to a meeting of Arab central bank

Dubai approves $354m Expo 2020 contracts
(Trade Arabia - 17/09/2017)

Dubai government is set to spend Dh1.3 billion ($354 million) on development of rain and groundwater drainage system for districts around the Al Maktoum International Airport, Expo Dubai 2020 and near urban centres, said a report. The funds were approved

Saudi Arabia to launch tenders for 2.8GW nuclear plants
(Trade Arabia - 17/09/2017)

Saudi Arabia is likely to begin the process to find a vendor to build the country’s first nuclear reactors as early as next month, said a report, citing nuclear industry sources. The kingdom seeks to build two plants that could generate up to 2.8

Sharjah FDI Forum to host 30 economists
(Gulfnews - 17/09/2017)

Sharjah FDI Forum 2017 has announced that more than 30 senior economists from the public and private sectors will participate at the event. The investment conference, held under the patronage of Dr. Shaikh Sultan Bin Mohammad Al Qasimi, Supreme Council

Solar Technology Energy and Environment in Bahrain
(Biz Bahrain - 17/09/2017)

It gives Eng. Amira Al Hasan, CEO of Arab Gate Expos immense pleasure to welcome all to the most stimulating event for renewable energy industry, STEEB 2017 Expo. STEEB 2017 Expo is scheduled to be held from 17th to 19th September 2017 at Bahrain

Report on Oman’s free zones to be published early next year
(Times of Oman - 17/09/2017)

Oman’s push towards economic growth and diversification through the expansion of its free zones and special economic zones will be the subject of an upcoming report to be published by Free Zone Watch, an online marketing, news and networking platform for

SME support fund signs agreement with Sandan to finance 20 young entre
(Times of Oman - 17/09/2017)

A cooperation agreement was signed by the Al Raffd Fund and Sandan Development Company to provide financial support to 20 small and medium enterprises, which are creating their businesses within the Sandan Light Industries Park. The 20 SMEs will receive

Move to develop Customs Bonded Warehouses in Oman
(Oman Daily Observer - 17/09/2017)

Promising headway is being made in preparing the groundwork for the growth of Customs Bonded Warehouses at key locations around the Sultanate — a move that could potentially add RO 100 million annually to the Gross Domestic Product when it is a reality

Emerging market capital flows rebound in 2017: QNB
(The Peninsula - 17/09/2017)

After a long downturn, capital flows to emerging markets (EMs) have rebounded strongly in the first eight months of 2017, according to QNB Economic commentary. A range of factors coincided to depress capital inflows in 2013-16, such as higher US interest

30 economists to take stage at Sharjah FDI Forum
(The Gulf Today - 17/09/2017)

Sharjah FDI Forum 2017 has announced that more than 30 senior economists from the public and private sectors will participate at the event. The investment conference held under the patronage of His Highness Dr Sheikh Sultan Bin Mohammed Al Qasimi,

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